NOT LISTED FOR SALE
-- Bed
-- Bath
2,643 Sq Ft
1950 Built

Sale Details

Date Sold: July 28, 2023

Last sale price $1,220,000 $462 Per Sq Ft

186 Days on Market

Highlights

  • In Ground Pool
  • Corner Lot
  • Porch
  • Morningside K-8 Academy Rated 9+
  • No HOA
  • Shed

About This Home

As of July 2023

Location, Location, Location! Rare Mimo/Art Deco style 4 Plex w/ pool on a double lot zoned T4-R (Multifamily 2-9 Units) located between the long awaited Magic City Innovation District and Biscayne Blvd. Keep existing 4 Plex, create Bed and Breakfast or REDEVELOP up to 3 stories and 9 units. The current NOI is substantially under market. An adjusted NOI will bring roughly $76k+ yr. 2 short blocks to Starbucks, Panther Coffee, Europa Cafe, good restaurants and 3 short blocks to legion park where they have the farmers market every Saturday. Call with any questions.

Last Agent to Sell the Property

Carl Crawford

Crawford & Co R.E. Svs's LLC License #3050473 Listed on: 01/05/2023

Last Buyer's Agent

Kevin Insua

Atlas Investment R.E., Inc. License #3279757

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,443

Year Built

  • Built in 1950

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,643 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds

Flooring

  • Carpet
  • Tile

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Exterior Lighting
  • Shed
  • Porch

Lot Details

  • Fenced
  • Corner Lot
  • Oversized Lot

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $54,600
  • Rent includes gardener, pool maintenance, sewer, trash collection, water
  • Assessor Parcel Number 01-32-18-024-0640

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Gate Condos
  • North Gate Subdivision

Building Details

  • Operating Expense $19,500
  • Net Operating Income $35,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,443

Year Built

Built in 1950

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Property Sub Type: Quadruplex
  • Architectural Style: Attached, Ranch
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: NORTH GATE
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Spa Yn: No
  • Flooring: Carpet, Tile
  • Living Area: 2643
  • Possible Use: Investment
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Roof: Shingle
  • Exterior Features: Exterior Cat Walk, Exterior Lights
  • Construction Type: CBS Construction
  • Fencing: Fenced
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot, Corner Lot, Oversized Lot
  • Other Structures: Extra Building/Shed
  • Patio And Porch Features: Open Porch
  • Pool Features: In Ground, Fenced
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: NORTH GATE
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-32-18-024-0640
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Pool Maintenance, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 35100
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Operating Expense: 19500
  • Total Actual Rent: 54600

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11443
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $1,220,000 -12.9% $462 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
03/29/2023 03/29/23 Price Changed $1,400,000 -6.7% $530 / Sq Ft
02/07/2023 02/07/23 Price Changed $1,500,000 -6.3% $568 / Sq Ft
01/05/2023 01/05/23 For Sale $1,600,000 -- $605 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,774 $1,140,700 -- --
2024 $16,086 $1,037,000 $906,250 $130,750
2023 $16,086 $551,100 $0 $0
2022 $11,443 $551,100 $0 $0
2021 $11,972 $563,500 $562,500 $1,000
2020 $12,001 $563,500 $562,500 $1,000
2019 $12,299 $626,000 $625,000 $1,000
2018 $13,112 $626,000 $625,000 $1,000
2017 $7,128 $193,761 $0 $0
2016 $8,017 $176,147 $0 $0
2015 $6,047 $160,134 $0 $0
2014 $4,014 $145,577 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11322742

MIAMI REALTORS® MLS
Your Personal Tour Guide

Ask me questions while you tour the home.